Bill Black: Obama needs to use the "F" word about the banks

Bill Black spoke to Bill Moyer's Journal (in Moyer's last week with PBS, retiring at age 75): Watch the clip from April 23, 2010 here.

“Fraud is deceit. And the essence of fraud is, “I create trust in you, and then I betray that trust, and get you to give me something of value.” And as a result, there's no more effective acid against trust than fraud, especially fraud by top elites, and that's what we have.”

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